Referring to capabilities of Turkey in marketing and investment, Reza Seyyedaghazadeh, the director of Asia-Oceanic Bureau of Trade Promotion Organization of Iran (TPO), said that Turkey’s investment in Iran is one of the ways to boost economic cooperation between the two countries.
Iran enjoys rich energy resources and therefore can be a proper investment place for export-oriented production, Seyyedaghazadeh was quoted as saying by ILNA news agency.
Noting that production costs in Iran is much lower than Turkey and the country also have good access to Persian Gulf countries, Afghanistan, Pakistan and the Eurasian countries, the official said that Iran is a good place for Turkish investments.
He also said that Turkey can invest in all the Iranian energy-consuming industries as the costs of such industries are much higher in Turkey.
Latest data released by the Islamic Republic of Iran Customs Administration show Turkey was Iran’s biggest export destination in the current Iranian year’s sixth month (Aug. 23-Sept. 22) with 5.84 million tons worth $1.2 billion of shipment, registering whopping growth rates of 1,420% and 696% in tonnage and value respectively year-on-year.